News

Mexico rising as most alluring emerging market for investors

  Bloomberg Mexico is the most attractive emerging market for investors, based on a range of metrics analyzed by Bloomberg including growth, yields and equity valuations. India is the worst. Mexico saw its currency slide and bond yields surge as President Donald Trump was elected in November after lambasting the country for stealing US jobs. Even after an initial sell-off ...

Read More »

BMW reviewing UK plant options amid trade threats

  Bloomberg BMW AG said it’s reviewing its factories in the UK ahead of Brexit and that it has the flexibility to move production elsewhere if necessary. The Munich-based manufacturer, which makes vehicles for its Mini brand in Oxford, Rolls-Royces in Goodwood and engines in Hams Hall, is preparing for “different scenarios” once the UK leaves the European Union, BMW ...

Read More »

Canada seeks to avoid Brexit cliff-edge with trade talks

  Bloomberg Canada wants to avoid a Brexit cliff-edge too. The government is pushing for its trade deal with Europe to be ratified by Britain before it leaves the European Union to secure the crucial agreement. It also has its eye on deeper relations with the UK once Brexit is complete. Canada wants to preserve any preferential access that businesses ...

Read More »

UAE margin trading finance hits all-time high of AED31 billion

  ABU DHABI / WAM The value of margin trading finance on Abu Dhabi and Dubai Security Exchange Markets hit AED31 billion in January and February 2017, an all-time-high since the inception of margin trading in 2008. The growth in the service’s financial value during the two months account for 37.3% of the total facilitations provided by licensed brokerage companies ...

Read More »

Dubai economy remains buoyant despite challenges

  DUBAI / WAM The Emirate of Dubai continues to show growing levels of buoyancy in different business sectors, boasting growing demand and increasing returns thanks to its highly sophisticated industrial base and rising foreign investment quotas for its property and financial markets. The impressive economic success story, according to recent business reports, is attributed to a number of factors, ...

Read More »

UAE personal loans hit AED349bn in February

  Abu Dhabi / WAM Total volume of personal loans in the UAE increased to AED 349.9 billion in February 2017, according to a UAE Central Bank report issued on Tuesday, which affirmed the banks’ continual contribution to the overall wellbeing and growth of the economy. By providing personal and corporate finance facilities, as well as creation of jobs, the UAE ...

Read More »

MoF launches phase one of tax awareness workshops

  Dubai / WAM The UAE Ministry of Finance has launched the first phase of its awareness and education workshops that will prepare businesses for the new tax system that will be introduced by the end of this year, in the case of excise tax, and early next year for value-added tax, VAT. As the UAE prepares to introduce both taxes ...

Read More »

ADSIC organises future planning workshop for Abu Dhabi digital govt

  Abu Dhabi / WAM More than 120 government employees and managers, as well as top-tier experts from the private sector, attended a workshop on Future Planning for the Abu Dhabi Digital government. The workshop was hosted by the Abu Dhabi Systems and Information Centre (ADSIC) a government agency responsible for developing and managing the ICT sector in the UAE, which ...

Read More »

Mohammed launches new beachfront resort

  DUBAI / Emirates Business Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum on Tuesday launched a new beachfront entertainment destination located at Jumeirah beach near Burj Al Arab in Dubai, that features MGM and Bellagio hotels. Sheikh Mohammed was accompanied by HH Sheikh Hamdan bin Mohammed bin ...

Read More »

Dubai realty show to attract Chinese investments

  DUBAI / Emirates Business Dubai developers are all geared to showcase the best of Dubai real estate opportunities to the Chinese investors at the upcoming Dubai Property Show that will be held in Shanghai, China from March 24-26 at Shanghai World Expo Exhibition & Convention Center. This will be the 6th global edition of the popular exhibition which has ...

Read More »
Send this to a friend